By Babajide Komolafe Ecobank Nigeria Limited has announced the launch of a tender offer for its outstanding U.S.$300 million, 7.125% Senior Note Participation Notes due 2026. The bank in a statement said: “As at the date of this announcement, $150 million of the Notes remain outstanding. “The proposed offer commenced on Friday, 28 November 2025, and […]

Manufacturers under the aegis of the Manufacturers Association of Nigeria (MAN) have kicked against a proposal to increase excise duty on carbonated sugar-sweetened beverages (SSB) through amendment of extant law. Stakeholders expressed divergent views at a public hearing jointly organised by the Senate Committees on Finance and Customs on the proposed amendment to the Customs and Excise […]

By Yinka Kolawole   The manufacturing sector remained the top-contributing sector to Nigeria’s Value-added Tax (VAT) collections in the first half of 2025 (H1’25), with a contribution of N584.63 billion, representing 26.6 percent of the total local VAT collections of N2.197 trillion within the period, thus reaffirming the sector’s critical role in the country’s economic development. Analysis of the latest data […]

Against the backdrop of the declaration by the Federal Government that Nigeria’s economy has turned the corner to stability and recovery, going by some macroeconomic indicators, current trend in foreign investments inflow has indicated that foreign investors are yet to buy into the position.

—As OPEC+ nations reaffirm commitment to oil market stability By Udeme Akpan, Energy Editor The Dangote Petroleum Refinery and other major depot operators have reduced the average gantry price of Premium Motor Spirit, PMS, to N840 per litre, down from N843 per litre. The price adjustment follows a decline in global crude oil prices, as […]

The NGX All-Share Index fell by 0.14 per cent to 143,520.53, while market capitalisation closed at N91.286.p trillion for the week.

Nigeria recorded a major rebound in external investor confidence as foreign capital inflows surged to $20.98 billion in the first ten months of 2025, the highest in years, according to the Central Bank Governor, Mr. Olayemi Cardoso.

Nigeria generated N4.76 trillion in company income tax (CIT) in the first half of 2025, marking a 38 per cent rise from the N3.45 trillion recorded in the same period of 2024, according to fresh data from the National Bureau of Statistics (NBS).

•Tier-2 banks lead rise in deposit •Two banks record decline By Babajide Komolafe, Economy Editor Top ten banks in Nigeria have accumulated N33.24 trillion in savings deposits in  the nine months ending September 2025, a 6.8 per cent increase from N31.13 trillion in the  same period of 2024. A breakdown of the financial statements of the banks […]

By Obas Esiedesa, Abuja The International Energy Agency (IEA) has commended ongoing reforms in Nigeria’s upstream petroleum sector, as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) explained how the Petroleum Industry Act (PIA) 2021 has fundamentally reshaped governance, improved transparency, and strengthened investor confidence in the industry. A statement by the Commission on Wednesday said a […]

By Udeme Akpan Dangote Group has put in place a series of strategic technical partnerships to support the next phase of expansion of its fertiliser operations in Nigeria, as well as the development of new fertiliser plants in Ethiopia. The company said the collaborations mark a significant step in its long term plan to strengthen regional […]

The equities market halted its bullish run on Wednesday, posting a loss of N444 billion after renewed selloffs hit several major stocks.

By Babajide Komolafe The Committee of e-Business Industry Heads (CeBIH) has said that the 2025 annual conference will seek a national agenda aimed at redefining financial inclusion through a cultural transformation in Nigeria’s consumer credit system. Speaking at a press conference in Lagos ahead of the annual conference, scheduled to hold next week Tuesday and […]

By Obas Esiedesa, Abuja Newly appointed Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Hon. Musa Sarkin Adar, expressed commitment to drive a comprehensive amendment of the NEITI Act 2007, describing the law   as outdated and inadequate for today’s governance and compliance demands. Addressing management and staff at the agency’s Abuja headquarters, Adar, who […]

By Providence Ayanfeoluwa The Federal Government has endorsed the Ebenco Global Link Limited modular refinery project in Koko, Delta State, describing it as a critical milestone in efforts to curb crude oil theft, illegal refining, and chronic supply gaps in Nigeria’s petroleum sector. Ebenco is advancing construction of its 30,000-barrel-per-day modular refinery, which the government says […]